Swedish Pension Agency retrieves just over third of money lost through fraud funds

After several years, the pension savers who lost money through investing their Swedish premium pension money in Falcon Funds are getting around a third of their money back. "We hope and believe that more money can be retrieved," The Swedish Pensions Agency, Pensionsmyndigheten, says.

Photo: Pensionsmyndigheten/PR

The Swedish Pensions Agency, Pensionsmyndigheten, is paying SEK 368m back to Swedish pension savers. The money comes from the agency working towards trying to retrieve around SEK 1bn, which disappeared because of fraud in Falcon Funds.

"It's a great feeling to be able to bring money back to the savers and pensioners who were affected by the Falcon Funds fraud. The money currently being paid out takes up more than a third of the estimated SEK 1bn damage which the managers of the Facon Funds brought onto 27,000 of our pension savers.

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